After 1,100% jump in 5 years, this stock is projected to rise 20% more

NEW DELHI: Asian GranitoBSE 1.26 % India, the fourth largest tile maker in India, has been on a roll, having surged 140 per cent in last one year and over 1,100 per cent in five.

Brokerages such as EdelweissBSE -0.36 % Securities call it a ‘multi-storied’ compelling growth story. Asian Granito makes ceramic digital, polished/glazed vitrified tiles and marble.The market size of the tile industry is Rs 24,000 crore at present and is projected to grow to Rs 1.5 lakh crore by Analysts say the industry, and within that Asian Granito, is likely to ride this huge growth. A drop in GST rates to 18 per cent and a switch towards organised the tile market are all positives for the firm, they said.

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